Capital Fund Management S.A. Sells 38,257 Shares of monday.com Ltd. $MNDY

Capital Fund Management S.A. decreased its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 53.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,807 shares of the company’s stock after selling 38,257 shares during the period. Capital Fund Management S.A. owned approximately 0.07% of monday.com worth $10,632,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. bought a new position in monday.com during the first quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new stake in shares of monday.com during the 1st quarter worth approximately $25,000. NewEdge Advisors LLC boosted its position in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of monday.com by 60.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $50,000 after purchasing an additional 60 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of monday.com by 219.6% in the second quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $51,000 after purchasing an additional 112 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays lowered their price objective on shares of monday.com from $258.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Cantor Fitzgerald lowered their price target on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating for the company in a report on Thursday, September 18th. DA Davidson reduced their price objective on monday.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Wells Fargo & Company decreased their price objective on monday.com from $260.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Finally, UBS Group set a $202.00 price objective on monday.com in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $270.19.

monday.com Stock Performance

Shares of MNDY stock opened at $144.28 on Friday. The stock has a 50 day moving average price of $180.91 and a 200 day moving average price of $230.13. monday.com Ltd. has a 52-week low of $141.58 and a 52-week high of $342.64. The firm has a market capitalization of $7.32 billion, a P/E ratio of 117.30, a P/E/G ratio of 5.68 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, November 10th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.89 by $0.27. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The company had revenue of $316.86 million for the quarter, compared to the consensus estimate of $312.26 million. During the same quarter in the prior year, the company posted $0.85 EPS. monday.com’s quarterly revenue was up 26.3% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.